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Gold/Mining/Energy : SOUTH AFRICAN MINING -- Ignore unavailable to you. Want to Upgrade?

To: .Trev who wrote (375)	2/8/1999 3:17:00 AM
From: Gary H	Read Replies (1) \| Respond to of 472

This is it. Message 7708327

To: .Trev who wrote (375)	2/8/1999 5:24:00 AM
From: sea_urchin	Read Replies (2) \| Respond to of 472

Indeed. Being an "honorary" member of Lemetropole Cafe, Bill kindly sent it to me by email. Frankly, I'd rather not comment on the post. But, I will say, although I can understand his sentiment in doing it, I don't think he will get far with litigation against the combined Fed, CBs and major gold producers --- the principal players in the market. I am aware of the AngloGold forward selling -- btimes.co.za. Doesn't seem like a conspiracy or otherwise nefarious deed, to my way of thinking. As I have said previously the larger producers, by lowering costs to below $250, will drive the high cost producers and Mickey Mouse operations to the wall. And, AngloGold is the largest gold producer in the world. Apropos the Chaka Zulu metaphor, it is relevant that that battle formation was successful only against equal or weaker tribal adversaries. The Boer trekkers, under Piet Retief, using the strategy of a laager (a ring of wagons acting as shields for riflemen, similar to early American settlers against the Indians), waited for the Zulu impis to surround them and then wiped them out. The major victory was at Blood River in 1840 on 16 December and was commemorated thereafter by the Afrikaaners as the Day of the Covenant. Michener wrote a book about it. Today, it is still a public holiday --- in a perverse way, celebrating the victory of the ANC over the Afrikaaner Nationalists! Interestingly, Chaka did not participate in these battles --- he was murdered by his brother, Dingaan, before they began. So, I trust Bill does not take his Chaka analogy too seriously!